WallStreetZenWallStreetZen

Sectors & IndustriesConsumer CyclicalFootwear & Accessories
Best Shoe Stocks to Buy Now (2023)
Top shoe stocks in 2023 ranked by overall Zen Score. See the best shoe stocks to buy now, according to analyst forecasts for the footwear & accessories industry.

Industry: Footwear & Accessories
Overview
Zen ScorePriceValuationFinancialsForecastEarnings & RevenueDividendsOwnershipTechnicals
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
DECK
DECKERS OUTDOOR CORP
NYSE
Footwear & Accessories
$17.08B$663.971.37%$851.47M28.45x0.59
SHOO
STEVEN MADDEN LTD
NASDAQ
Footwear & Accessories
$2.83B$37.920.11%$234.35M16.70x0.52
ONON
ON HOLDING AG
NYSE
Footwear & Accessories
$9.25B$29.01-3.14%$171.80M104.35x0.56
RCKY
ROCKY BRANDS INC
NASDAQ
Footwear & Accessories
$213.00M$28.873.81%$46.07M20.62x1.46
WEYS
WEYCO GROUP INC
NASDAQ
Footwear & Accessories
$279.70M$29.451.27%$47.10M8.76x0.23
CROX
CROCS INC
NASDAQ
Footwear & Accessories
$6.40B$105.611.84%$1.11B9.63x2.82
NKE
NIKE INC
NYSE
Footwear & Accessories
$167.82B$110.27-0.09%$6.85B33.62x1.63
SKX
SKECHERS USA INC
NYSE
Footwear & Accessories
$9.07B$58.910.46%$840.92M17.08x0.74
DBI
DESIGNER BRANDS INC
NYSE
Footwear & Accessories
$676.66M$11.64-0.09%$217.27M5.41x3.66
AREB
AMERICAN REBEL HOLDINGS INC
NASDAQ
Footwear & Accessories
$1.61M$0.32-2.43%-$3.99M0.03x0.49
WWW
WOLVERINE WORLD WIDE INC
NYSE
Footwear & Accessories
$681.59M$8.57-3.38%-$299.10M-2.23x5.46
FORD
FORWARD INDUSTRIES INC
NASDAQ
Footwear & Accessories
$7.14M$0.71-1.53%-$2.20M-2.73x3.29
VRA
VERA BRADLEY INC
NASDAQ
Footwear & Accessories
$231.48M$7.51-1.44%$8.65M-12.95x0.53
BIRK
BIRKENSTOCK HOLDING PLC
NYSE
Footwear & Accessories
N/A$46.150.87%N/AN/A1.00
1

Shoe Stocks FAQ

What are the best shoe stocks to buy right now in Dec 2023?

According to Zen Score, the 3 best footwear stocks to buy right now are:

1. Deckers Outdoor (NYSE:DECK)


Deckers Outdoor (NYSE:DECK) is the top shoe stock with a Zen Score of 54, which is 17 points higher than the shoe industry average of 37. It passed 18 out of 33 due diligence checks and has strong fundamentals. Deckers Outdoor has seen its stock return 66.46% over the past year, overperforming other shoe stocks by 28 percentage points.

Deckers Outdoor has an average 1 year price target of $650.82, a downside of -1.98% from Deckers Outdoor's current stock price of $663.97.

Deckers Outdoor stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 11 analysts covering Deckers Outdoor, 45.45% have issued a Strong Buy rating, 45.45% have issued a Buy, 9.09% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Steven Madden (NASDAQ:SHOO)


Steven Madden (NASDAQ:SHOO) is the second best shoe stock with a Zen Score of 52, which is 15 points higher than the shoe industry average of 37. It passed 18 out of 38 due diligence checks and has strong fundamentals. Steven Madden has seen its stock return 9.79% over the past year, underperforming other shoe stocks by -28 percentage points.

Steven Madden has an average 1 year price target of $39.00, an upside of 2.85% from Steven Madden's current stock price of $37.92.

Steven Madden stock has a consensus Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Steven Madden, 50% have issued a Strong Buy rating, 0% have issued a Buy, 50% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. On Holding Ag (NYSE:ONON)


On Holding Ag (NYSE:ONON) is the third best shoe stock with a Zen Score of 51, which is 14 points higher than the shoe industry average of 37. It passed 17 out of 33 due diligence checks and has strong fundamentals. On Holding Ag has seen its stock return 49.38% over the past year, overperforming other shoe stocks by 11 percentage points.

On Holding Ag has an average 1 year price target of $37.33, an upside of 28.69% from On Holding Ag's current stock price of $29.01.

On Holding Ag stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 12 analysts covering On Holding Ag, 50% have issued a Strong Buy rating, 50% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the shoe stocks with highest dividends?

Out of 6 shoe stocks that have issued dividends in the past year, the 3 shoe stocks with the highest dividend yields are:

1. Wolverine World Wide (NYSE:WWW)


Wolverine World Wide (NYSE:WWW) has an annual dividend yield of 4.67%, which is 2 percentage points higher than the shoe industry average of 2.63%. Wolverine World Wide's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Wolverine World Wide's dividend has shown consistent growth over the last 10 years.

Wolverine World Wide's dividend payout ratio of -10.4% indicates that its dividend yield might not be sustainable for the long-term.

2. Weyco Group (NASDAQ:WEYS)


Weyco Group (NASDAQ:WEYS) has an annual dividend yield of 3.36%, which is 1 percentage points higher than the shoe industry average of 2.63%. Weyco Group's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Weyco Group's dividend has shown consistent growth over the last 10 years.

Weyco Group's dividend payout ratio of 29.2% indicates that its dividend yield is sustainable for the long-term.

3. Steven Madden (NASDAQ:SHOO)


Steven Madden (NASDAQ:SHOO) has an annual dividend yield of 2.22%, which is the same as the shoe industry average of 2.63%. Steven Madden's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Steven Madden's dividend has shown consistent growth over the last 10 years.

Steven Madden's dividend payout ratio of 37% indicates that its dividend yield is sustainable for the long-term.

Why are shoe stocks up?

Shoe stocks were up 1.02% in the last day, and up 4.8% over the last week.

We couldn't find a catalyst for why shoe stocks are up.

What are the most undervalued shoe stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued shoe stocks right now are:

1. Crocs (NASDAQ:CROX)


Crocs (NASDAQ:CROX) is the most undervalued shoe stock based on WallStreetZen's Valuation Score. Crocs has a valuation score of 71, which is 34 points higher than the shoe industry average of 37. It passed 5 out of 7 valuation due diligence checks.

Crocs's stock has gained 4.56% in the past year. It has underperformed other stocks in the shoe industry by -34 percentage points.

2. Rocky Brands (NASDAQ:RCKY)


Rocky Brands (NASDAQ:RCKY) is the second most undervalued shoe stock based on WallStreetZen's Valuation Score. Rocky Brands has a valuation score of 71, which is 34 points higher than the shoe industry average of 37. It passed 5 out of 7 valuation due diligence checks.

Rocky Brands's stock has gained 2.09% in the past year. It has underperformed other stocks in the shoe industry by -36 percentage points.

3. Steven Madden (NASDAQ:SHOO)


Steven Madden (NASDAQ:SHOO) is the third most undervalued shoe stock based on WallStreetZen's Valuation Score. Steven Madden has a valuation score of 57, which is 20 points higher than the shoe industry average of 37. It passed 4 out of 7 valuation due diligence checks.

Steven Madden's stock has gained 9.79% in the past year. It has underperformed other stocks in the shoe industry by -28 percentage points.

Are shoe stocks a good buy now?

54.55% of shoe stocks rated by analysts are a strong buy right now. On average, analysts expect shoe stocks to rise by 1.95% over the next year.

What is the average p/e ratio of the footwear & accessories industry?

The average P/E ratio of the footwear & accessories industry is 34.32x.
©2023 WallStreetZen
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsHelp GuidesContactTwitterYouTubeNewsletter
Stock Tools
Top Performing AnalystsStock ScreenerStock ForecastTrending StocksStrong Buy StocksHighest Earnings StocksBest Dividend Paying StocksStatisticsStock Market SectorsStock Market IndustriesHow to Buy Stocks Online
Stock Ideas
Buy The DipBiggest Stock Gainers TodayBiggest Stock Losers Today52 Week High Stocks52 Week Low StocksMost Active Stocks TodayMost Undervalued StocksBest Penny Stocks to Buy NowBest Stocks Under $5Best Stocks Under $10
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.